Pension Contributions

Under the Pensions Act 2008, the minimum amounts that should be paid into automatic enrolment pension schemes will increase as planned –

Date Effective Employer Minimum Contribution Staff Contribution Total Minimum Contribution
6th April 2018 to 5th April 2019 2% 3% 5%
6th April 2019 onwards 3% 5% 8%

National Minimum and National Living Wage rates will increase on 1 April 2018

Year 25 and over  21 to 24    18 to 20  Under 18  Apprentice
April 2017 (current) £7.50 £7.05 £5.60 £4.05 £3.50
April 2018 £7.83 £7.38 £5.90 £4.20 £3.70